News

Easterly Funds, a mutual fund platform offering investors access to boutique managers, announced today that it has expanded its family of funds by offering investors a Small Cap Value Fund and an award-winning Long/Short Opportunity Fund, both sub-advised by the Snow team at Easterly Investment Partners (EIP).

Easterly Funds is known for a suite of funds managed by in-house investment teams, as well as external sub-advisors, including Orange Investment Advisors, EAB Investment Group and Ranger Global Real Estate Advisors.

In July of this year, EIP partnered with Snow Capital Management’s experienced value equity management team, which manages both funds.

“We are excited to offer investors access to these strategies, which are managed by a proven team that has over 19 years’ experience in value equity investing,” said Michael Collins, Head of Distribution. “We are pleased to provide the platform for our partners at Snow to access the financial advisor market with the support of our sales team.”

The Small Cap Value Fund provides exposure to the smaller capitalization segment of the value equity market through a fundamental, contrarian, bottom-up investment process.

The Long/Short Opportunity Fund was named Best Liquid Alternative Fund – Equity Hedge at the 2021 Hedgeweek Americas Awards* held in New York City on October 21, 2021. The Fund is an all-capitalization, contrarian value, liquid alternatives fund that uses a variety of hedging strategies with the goal of lowering the overall volatility while providing investors with strong returns.

As a part of the fund transfer to Easterly Funds, the Small Cap Value Fund and Long/Short Opportunity Fund names and CUSIPs will change to the following:

Investors with questions about these funds can contact their Easterly Funds representative at info@easterlyfunds.com or 888-814-8180.

About Easterly Funds

Easterly Funds, formerly James Alpha Advisors, is a mutual fund platform offering investors access to best-in-class boutique managers, with differentiated investment approaches. Easterly Funds’ objective is to bring innovative, alpha-generating mutual funds to investors, enabling them to better navigate their needs for income and capital appreciation. As of September 30, 2021, Easterly Funds had approximately $1.3 billion of assets under management. For more information, please visit Easterly at http://www.easterlyfunds.com/.

About Easterly Investment Partners

Easterly Investment Partners (EIP) is the value investing arm of Easterly Asset Management’s multi-affiliate platform. EIP’s current investment line-up spans the entire value equity market cap spectrum. Guided by a consistent contrarian investment philosophy, our value strategies are led by a team of 16 investment that have refined their craft to deliver strong returns to clients over many market cycles. As of September 30, 2021, EIP had approximately $3.2 billion in AUM. For more information, please visit EIP at http://easterlyip.com/.

*The Hedgeweek America Awards utilize pre-selected shortlists, which are based on data provided by Bloomberg, analyzing annualized performance by Americas-based hedge funds in their respective categories over a 12-month period from June 1, 2020 to May 31, 2021. The preselection data for the fund manager shortlists was provided by Bloomberg. Candidates in all categories were determined as follows: The Liquid Alternative manager award categories include North American and South American-based single-manager funds employing a hedge-fund-like strategy outside of the traditional hedge fund structure with a track record of more than 3 years and over $50 million in AUM.

Past performance is not a guarantee nor a reliable indicator of future results. As with any investment, there are risks. There is no assurance that any portfolio will achieve its investment objective.

Mutual funds involve risk, including possible loss of principal. Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund. This and other information is contained in the Fund’s prospectus, which can be obtained by calling (888) 814-8180 and should be read carefully before investing. The Easterly Funds are distributed by Ultimus Fund Distributors, LLC. Easterly Funds, LLC, Easterly Investment Partners, LLC, Ranger Global Real Estate Advisors, LLC, FDX Capital LLC, EAB Investment Group, LLC, Bullseye Asset Management, LLC, Lazard Asset Management, LLC, Kellner Capital, LLC and Orange Investment Advisors, LLC are not affiliated with Ultimus Fund Distributors, LLC.

Easterly Funds, LLC and Easterly Investment Partners, LLC both serve as the Advisors to the Easterly Fund family of mutual funds and related portfolios. Both Easterly Funds, LLC and Easterly Investment Partners, LLC are registered as investment advisers with the SEC. Please consider the charges, risks, expenses and investment objectives carefully before investing. Please see a prospectus, or if available, a summary prospectus containing this and other important information. Read it carefully before you invest or send money. Mutual Funds are distributed by Ultimus Fund Distributors, LLC, member FINRA/SIPC. Although Easterly Funds, LLC and Easterly Investment Partners, LLC are registered investment advisers, registration itself does not imply and should not be interpreted to imply any particular level of skill or training.

Important Risk Information

Diversification does not assure a profit nor protect against loss in a declining market.

Small Cap Value Fund

Mutual fund investing involves risk; principal loss is possible. Investments in smaller companies involve additional risks such as limited liquidity and greater volatility. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater in emerging markets. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. The fund may invest in lower-rated and non-rated securities which present a greater risk of loss to principal and interest than higher-rated securities. The fund may invest in other investment companies, and the cost of investing in the Fund will generally be higher than the cost of investing directly in the shares of the mutual funds in which it invests. By investing in the Fund, you will indirectly bear your share of any fees and expenses charged by the underlying funds, in addition to indirectly bearing the principal risks of the funds. The fund also invests in ETFs. They are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a discount to its net asset value (“NAV”), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact the Fund’s ability to sell its shares. The Fund may use options and futures contracts which have the risks of unlimited losses of the underlying holdings due to unanticipated market movements and failure to correctly predict the direction of the securities prices, interest rates and currency exchange rates. This investment may not be suitable for all investors. Small- and Medium-capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies. Performance over one year is annualized.

Long/Short Opportunity Fund

Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management, and the risk that a position could not be closed when most advantageous. Investing in derivatives could lose more than the amount invested.

Mutual fund investing involves risk; principal loss is possible. Investments in smaller companies involve additional risks such as limited liquidity and greater volatility. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater in emerging markets. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. The fund may invest in lower-rated and non-rated securities which present a greater risk of loss to principal and interest than higher-rated securities. The fund may invest in other investment companies, and the cost of investing in the Fund will generally be higher than the cost of investing directly in the shares of the mutual funds in which it invests. By investing in the Fund, you will indirectly bear your share of any fees and expenses charged by the underlying funds, in addition to indirectly bearing the principal risks of the funds. The fund also invests in ETFs. They are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a discount to its net asset value (“NAV”), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact the Fund’s ability to sell its shares. The Fund may use options and futures contracts which have the risks of unlimited losses of the underlying holdings due to unanticipated market movements and failure to correctly predict the direction of the securities prices, interest rates and currency exchange rates. This investment may not be suitable for all investors. Small- and Medium-capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies. Performance over one year is annualized.

The views and opinions expressed herein are those of Easterly’s senior management and may change at any time with prior notification. This website contains information from sources we believe are a reliable source. However, we are not responsible for the for the accuracy of such information. The information contained on this website is not an offer or a solicitation of an offer to purchase or sell any securities mentioned herein.

13823601-UFD-11052021